Las Vegas Sands: Historical Overview and Future Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Historical Foundation: Las Vegas Sands has evolved into a major player in the Las Vegas convention-driven hospitality sector since acquiring the classic Sands Hotel in 1989, particularly with the opening of the Sands Expo in 1990, which became a core differentiator in attracting high-value group business.
- Strategic Shift: In 2021, Las Vegas Sands sold The Venetian Resort and Sands Expo for $6.25 billion, marking a shift in focus towards Macau and Singapore markets, while retaining 'Las Vegas' in its name to maintain brand equity.
- Market Focus: As the company increasingly concentrated on Asian markets, its Las Vegas properties became a smaller part of its portfolio in the 2010s, reflecting a strategic pivot in its business model.
- Future Outlook: Despite lacking casino operations, Las Vegas Sands maintains its headquarters in Las Vegas, and the upcoming earnings report is expected to provide crucial insights into the company's future direction.
Analyst Views on LVS
Wall Street analysts forecast LVS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LVS is 69.12 USD with a low forecast of 56.89 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 60.880
Low
56.89
Averages
69.12
High
80.00
Current: 60.880
Low
56.89
Averages
69.12
High
80.00
About LVS
Las Vegas Sands Corp. is a global developer and operator of destination properties (Integrated Resorts). The Integrated Resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities. Its properties also cater to high-end players by providing them with luxury amenities and premium service levels. Its other amenities include luxury accommodations, restaurants, lounges, invitation-only clubs and private gaming salons. Its principal operating and developmental activities occur in two geographic areas: Macao and Singapore. In Macao, it owns The Venetian Macao Resort Hotel; The Londoner Macao; The Parisian Macao; The Plaza Macao and Four Seasons Macao, and Sands Macao. In Singapore, it owns Marina Bay Sands. It also has ferry operations. It owns and operates a collection of Integrated Resorts in the Macao Special Administrative Region of the People's Republic of China (PRC) through Sands China Ltd.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
